Property Ownership and Land Use Practice Question
Question
A broker is supervising a transaction file involving eminent domain. The parties need a practical answer before moving forward. Which answer best applies the rule? (Item 13)
Answer choices
- A. Identify government taking of private property for public use with just compensation.
- B. It removes the need for written disclosure if the licensee believes the client already knows.
- C. It can be ignored if the transaction is expected to close quickly.
- D. It requires the licensee to favor the other party over the licensee’s own client.
Correct Answer
A. Identify government taking of private property for public use with just compensation.
Explanation
The correct answer is A because eminent domain requires candidates to identify government taking of private property for public use with just compensation. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: easy
- Domain: Property Ownership and Land Use
- Objective: eminent domain